Vassiliko Cement Works (VCW) declared a 1.5 cent per share interim dividend following the release of its nine month results. Although the net profit was higher compared to the previous year, the Board of VCW decided to play it safe and declared a lower interim compared to a year ago, when at the interim stage,

The surge in cement sales, mostly in the local market helped lift the first nine month results of Vassiliko Cement Works, which reported a satisfactory 16% increase in net profits with the Board issuing a positive profit warning, promising to beat last years CYP 5.03 mln in net profits. Total sales were up 17.4% year-on-year

Logicom Public Co. Ltd. reported a 24% increase in total turnover and a 10.5% in net profits mostly on the back of a highly satisfactory performance in overseas markets where it operates, while Cyprus operations lagged behind. LOG, which is by far the island’s largest software and IT systems company reported total sales of CYP

Viagra to be included The revamp of the consumer price index in Cyprus due from January 2006 could raise the rate of inflation, and with it the index-linked wage bill, fear Cypriot business groups, who fear a price-wage spiral. The consumer price index is revamped every few years to take account of changing spending habits.

…revises 2008 targets higher Laiki Bank lifted its first nine month profits by 90.3% year-on-year to CYP 30.5 mln from CYP 16 mln a year ago in the same period, beating market expectations by a wide margin. Analysts polled by the Financial Mirror had forecast Laiki lifting profits by 78% to CYP 28.5 mln. The

JCC Payment Systems, the credit card consortium owned by the banks has launched JCCsmart, its e-commerce service that hopefully will boost electronic shopping on the island. For the first time, thousands of credit card users have the ability to pay their utility bills and shop online in a secure environment, saving time and money. The